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Aromatics Push Higher in U.S. and Europe
8:31 AM MDT | September 1, 2011 | Lindsey Bewley
Benchmark benzene on the U.S. Gulf Coast settled lower by 12 cts/gal for the September contract, while styrene was rolled from the August contract level. Spot aromatics were quiet, players say, with the only notable move a strong surge of 30 cts/gal in spot toluene. European September benzene was also agreed lower, declining €67/m.t. Spot benzene slipped $35/m.t. while spot toluene tumbled $85/m.t. Spot styrene was the lone gainer in the group, climbing $65/m.t. sellers say. Methyl tert-butyl ether also moved sharply higher, gaining $70/m.t. ...
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